SMOG
VanEck Low Carbon Energy ETF
VanEck Vectors Global Alternative Energy ETF seeks investment results that correspond to the price and yield of the Ardour Global Index, which tracks companies primarily engaged in the business of alternative energy.
Global
EQUITY
Rules-Based
MANAGEMENT STYLE
$ 132.7 M
ASSETS UNDER MGMT
61 bp
EXPENSES
Fund Basics
| Inception date | Apr 26, 2007 |
| Regulation | Open-Ended Fund |
| Fund Website | link... |
| Distributions | Annually |
| Currency | USD |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | Yes |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
Complete list +
| NEXTERA ENERGY GROUP | 8.5 % |
| IBERDROLA SA | 7.4 % |
| ENEL SPA | 7.1 % |
| TESLA MOTORS INC | 6.5 % |
| BYD CO LTD-H | 5.3 % |
| VESTAS WIND SYSTEMS A/S | 4.4 % |
| BLOOM ENERGY CORPORATION CLASS A | 4.2 % |
| SAMSUNG SDI CO LTD | 3.7 % |
| CENTRAIS ELEC BRAS-SP ADR CM | 2.9 % |
| FIRST SOLAR INC | 2.5 % |
Constituent Breakdown
| Number of holdings | 64 |
| Herfindahl-Hirschman Index | 377 |
| Wgt avg mkt cap (mns) | $139,730 |
| Large cap (>$10bn) | 69.8% |
| Mid cap ($2-10bn) | 24.3% |
| Small cap (<$2bn) | 1.2% |
| Developed mkts. | 73.4% |
| Emerging mkts. | 23.5% |
Sector Breakdown
Country Exposure
 |
UNITED STATES | 35.4 % |
 |
CHINA | 11.9 % |
 |
SPAIN | 9.7 % |
 |
SOUTH KOREA | 8.3 % |
 |
ITALY | 7.4 % |
 |
DENMARK | 7.1 % |
 |
BRAZIL | 3.5 % |
 |
IRELAND | 2.5 % |
 |
NEW ZEALAND | 2.2 % |
 |
CANADA | 1.5 % |
Historical Performance
Standardized Performance (as of 02/28/2026)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | 20 YR | Incep. | |
|---|---|---|---|---|---|---|---|---|
| Price Returns | 9.4% | 40.7% | 20.8% | 6.8% | -2.7% | 11.0% | -- | 0.9% |
| Dividend Yield | 0.0% | 2.2% | 1.9% | 1.7% | 1.3% | 1.2% | -- | 1.0% |
| Total Returns | 9.4% | 42.9% | 22.7% | 8.5% | -1.5% | 12.2% | -- | 1.9% | Ann. Volatility | 17.8% | 22.1% | 21.4% | 21.7% | 25.8% | 25.5% | -- | 32.0% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.82 | 51% |
| MSCI EAFE | 0.97 | 52% |
| MSCI Emg Mkts | 1.01 | 68% |
Liquidity Measures
| Avg. volume (000) | 1 |
| ADV traded (mns) | $0 |
| Turnover | 0.1% |
| Avg. Bid/Ask (% of price) | 0.34% |
Technical Indicators
| 30d moving avg. (EMA) | $139.65 |
| Relative strength (RSI) | 57 |
| MACD/Signal | 1.86/1.94 |
| Bollinger Bands (Upper/Lower) | $145.28/$136.40 |
| Short interest (% of AUM) | 0.1% |
Distributions
Assets Under Management (mns)
Money Flows (mns)
Short Interest (as % of shares outstanding)
Long Money Flows (mns)
Top Ten Comparable ETFs only shown here. For an extended list become an Individual or Professional subscriber. Start your FREE trial
Comparable ETFs Based on Overlap
| Ticker | Fund Name | Overlap vs. SMOG |
Expenses vs. SMOG |
ALTAR Score™ vs. SMOG |
|---|---|---|---|---|
| ERTH | Invesco MSCI Sustainable Future ETF | 30.3% | +1 bp | +2.0% |
| CLNR | IQ Cleaner Transport ETF | 27.3% | -16 bp | +2.2% |
| VCLN | Virtus Duff & Phelps Clean Energy ETF | 26.4% | -2 bp | +1.4% |
| ICLN | iShares Global Clean Energy ETF | 26.0% | -20 bp | +0.7% |
| BATT | Amplify Lithium & Battery Technology ETF | 24.0% | -2 bp | +0.2% |
| FRNW | Fidelity Clean Energy ETF | 23.9% | -22 bp | +0.7% |
| SOLR | Guinness Atkinson Funds SmartETFs Sustainable Energy II Fund | 23.7% | +18 bp | +2.6% |
| CTEC | Global X CleanTech ETF | 22.9% | -11 bp | -1.9% |
| QCLN | First Trust Nasdaq Clean Edge Green Energy Index Fund | 21.4% | -3 bp | -3.1% |
| PBD | Invesco Global Clean Energy ETF | 20.6% | +14 bp | -1.1% |
Risk and Returns: SMOG vs. Comps (1 YR)
Notes: Top 10 overlapping ETFs. Funds with insufficient history not shown. Some funds may overlap. Hover over data point for ticker symbol.
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Results & Estimates (USD)
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | ||
|---|---|---|---|---|---|---|---|---|---|
| Sales per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- | ||
| Earnings per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- | ||
| Dividends per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- | ||
| Book value per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- |
Return on Equity
Net Margins
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Valuation Metrics
| Fwd Est | 2025 | 2026 | 2027 | |
| Price-to-sales | --x | --x | --x | --x |
| Price-to-earnings | --x | --x | --x | --x |
| Price-to-cash flow | --x | --x | --x | --x |
| Price-to-growth | --x | --x | --x | --x |
| Price-to-book value | --x | --x | --x | --x |
| Yield | --% | --% | --x | --% |
Based on closing prices from 3/6/2026
Peer Group Comparison Sample data. Subscribe for access.
Price-to-Earnings
Price-to-Sales
Price-to-Book Value
Price-to-Cash Flow
Price-to-Growth
Dividend Yield
Historical Valuation Trends Sample data. Subscribe for access.
SHOWING:
Price-to-Earnings
Price-to-Earnings
Notes: Based on adjusted historical results for current fund constituents. May differ from results achieved by past fund constituents. Max P/E of 100x.
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ETF Research Center Rating
1.9%
ALTAR SCORE™
16th
PERCENTILE
AVOID
ETFRC RATING
There are 568 funds in the Global Equity category with an average
ALTAR Score™ of 4.5% and a standard deviation
of 2.6%. SMOG's ALTAR Score™ is approximately -1.0 standard
deviations above the category average. This places SMOG in the 16th percentile
among funds in the category.
Sell-Side Consensus
$151.8
PRICE TARGET
+12.5%
UPSIDE